According to the 5th edition of the PwC–FICCI India Manufacturing Barometer: Building Export Competitiveness survey launched today, over 7% growth in GDP in the next 12 months looks achievable, and is aligned with the views of institutions such as the World Bank or IMF.

Chinese authorities are trying to navigate through numerous challenges, as the trade war fears have sparked a blistering selloff in domestic stock markets and a steep decline in the value of the yuan versus the dollar, heightening worries about the growth outlook.

The China Automobile Dealers Association (CADA) submitted documents last month to the country's finance and commerce ministries proposing the 10 percent auto purchase tax be halved, two people at the industry body told Reuters.

A sharp slide in the rupee, rising oil prices and a widening current-account deficit due to slowing capital inflows are throwbacks to the dark days of 2013, when the country bore much of the brunt of the "taper tantrum."

Fitch, in its Global Economic Outlook, said it expects inflation to rise to the upper end of the central bank's target band (4 per cent, plus-minus 2 per cent) on relatively high demand-pull pressures and rupee depreciation.

Dheeraj Hinduja, chairman at India’s second largest truck maker Ashok Leyland, prefers a low profile, but with managing director Vinod Dasari leaving at the end of the month, he says he’s become more “hands-on”.